ACV Auctions Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization $1.8m $7.2m $8.8m $11.4m $19.3m $36.8m $43.7m
Interest expense $0 $171k $398k ($3.6m) $989k $3.0m $7.9m
Net loss ($102.2m) ($75.3m) ($79.7m) ($66.1m)
Stock-based compensation expense, net of amounts capitalized $998k $5.7m $23.2m $39.3m $49.6m $68.0m $56.9m
Provision for bad debt $2.8m $5.2m $5.0m $11.0m $10.9m $10.0m $34.0m
Other non-cash, net $424k $901k $656k ($57k) ($1.5m) $741k $3.5m
Trade receivables ($52.0m) ($29.2m) ($120.2m) $47.2m $14.4m $17.5m ($31.0m)
Other operating assets ($1.7m) ($5.7m) ($2.0m) $349k ($310k) ($424k) ($10.5m)
Accounts payable $46.4m $66.2m $242.9m ($73.1m) ($34.6m) $16.2m $46.8m
Other operating liabilities $0 $2.4m ($1.5m) ($551k) ($500k) ($3.7m) $916k
Net increase in finance receivables ($3.3m) ($5.3m) ($37.0m) ($38.0m) ($45.3m) ($22.0m) ($75.8m)
Purchases of property and equipment ($3.4m) ($3.5m) ($2.6m) ($3.2m) ($2.3m) ($4.5m) ($9.1m)
Proceeds from sale of real estate $0 $0 $14.1m $0
Capitalization of software costs ($3.2m) ($5.4m) ($11.5m) ($20.2m) ($25.8m) ($29.7m) ($35.6m)
Purchases of marketable securities $0 $0 ($13.8m) ($269.7m) ($146.0m) ($36.0m) ($28.9m)
Maturities and redemptions of marketable securities $0 $67.0m $135.7m $88.7m $26.4m
Sales of marketable securities $0 $0 $2.4m $130.1m $48.9m
Proceeds from exercise of stock options $273k $1.8m $1.6m $1.2m $4.3m $9.4m $1.4m
Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders $0 $0 ($2.8m) ($5.5m) ($16.0m) ($27.1m) ($26.9m)
Proceeds from employee stock purchase plan $0 $2.2m $3.1m $3.9m $4.7m
Income taxes $30k $59k $261k $388k $715k $769k $764k
Stock-based compensation included in capitalized software development costs $0 $0 $472k $2.0m $3.4m $5.5m $7.6m
Net cash provided by (used in) operating activities ($72.5m) $10.4m $85.3m ($75.2m) ($17.9m) $65.4m $78.2m
Acquisition of businesses (net of cash acquired) ($14.8m) ($5.5m) ($64.5m) ($18.9m) ($29.6m) ($156.5m) $0
Net cash used in investing activities ($24.7m) ($19.7m) ($129.3m) ($283.0m) ($111.0m) ($15.9m) ($74.1m)
Proceeds from long term debt $0 $6.8m $5.2m $275.0m $420.0m $491.5m $423.5m
Payments for debt issuance and other financing costs ($776k) ($738k) ($1.4m) $0 $0 ($2.0m) ($3.3m)
Payments towards long term debt $0 ($2.0m) ($9.6m) ($200.0m) ($380.5m) ($483.5m) ($356.5m)
Other financing activities ($171k) ($136k) $0 $0 ($169k) ($66k) $0
Net cash provided by (used in) financing activities $161.5m $60.8m $376.2m $72.9m $30.6m ($7.9m) $43.0m
Effect of exchange rate changes on cash, cash equivalents, and restricted cash $0 $0 ($21k) $43k ($166k) $277k
Net increase (decrease) in cash, cash equivalents, and restricted cash $64.4m $51.5m $332.3m ($285.2m) ($98.2m) $41.5m $47.4m
Cash, cash equivalents, and restricted cash, beginning of period $117.9m $182.3m $233.7m $280.8m $182.6m $224.1m $271.5m